On 31st March 2024, Sri Radhey shyam Enterprise finds that the cost of a partly finished unit on that date is 530. The unit can be finished in…

On 31st March 2024, Sri Radhey shyam Enterprise finds that the cost of a partly finished unit on that date is 530. The unit can be finished in 2024-25 by an additional expenditure of 310. The finished unit can be sold for 750subject to payment of 8% brokerage on the selling price. Sri Radhey shyam Enterprise seeks your advice regarding the amount at which the unfinished unit should be valued as at 31st March, 2024 for preparation of final accounts. the partly finished unit cannot be sold in semi-finished form and its NRV is zero without processing it further.